{"id":3167,"date":"2020-10-23T09:42:36","date_gmt":"2020-10-23T09:42:36","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=3167"},"modified":"2020-10-23T09:42:36","modified_gmt":"2020-10-23T09:42:36","slug":"annual-return-of-company-under-companies-act-2013","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/","title":{"rendered":"ANNUAL RETURN OF COMPANY UNDER COMPANIES ACT, 2013"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dcf1613da6c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dcf1613da6c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#SECTION-92-ANNUAL_RETURN_OF_COMPANY\" title=\"SECTION-92-ANNUAL RETURN OF COMPANY\">SECTION-92-ANNUAL RETURN OF COMPANY<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#ANNUAL_RETURN\" title=\"ANNUAL RETURN\">ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#INFORMATION_CONTAINED_IN_ANNUAL_RETURN\" title=\"INFORMATION CONTAINED IN ANNUAL RETURN\">INFORMATION CONTAINED IN ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#SIGNING_AUTHORITY_OF_ANNUAL_RETURN\" title=\"SIGNING AUTHORITY OF ANNUAL RETURN\">SIGNING AUTHORITY OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#CERTIFICATION_OF_ANNUAL_RETURN\" title=\"CERTIFICATION OF ANNUAL RETURN\">CERTIFICATION OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#MAINTENANCE_OF_RECORD_OF_ANNUAL_RETURN\" title=\"MAINTENANCE OF RECORD OF ANNUAL RETURN\">MAINTENANCE OF RECORD OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#FILING_OF_ANNUAL_RETURN\" title=\"FILING OF ANNUAL RETURN\">FILING OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#EFFECT_OF_NON-FILING_OF_ANNUAL_RETURN\" title=\"EFFECT OF NON-FILING OF ANNUAL RETURN\">EFFECT OF NON-FILING OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#PENALTIES_FOR_NON-FILING_OF_ANNUAL_RETURN\" title=\"PENALTIES FOR NON-FILING OF ANNUAL RETURN\">PENALTIES FOR NON-FILING OF ANNUAL RETURN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/annual-return-of-company-under-companies-act-2013\/#FREQUENTLY_ASK_QUESTION\" title=\"FREQUENTLY ASK QUESTION\">FREQUENTLY ASK QUESTION<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"SECTION-92-ANNUAL_RETURN_OF_COMPANY\"><\/span><span style=\"color: #000080;\"><strong>SECTION-92-ANNUAL RETURN OF COMPANY<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<figure id=\"attachment_3168\" aria-describedby=\"caption-attachment-3168\" style=\"width: 556px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/a.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3168\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/a-300x158.jpg\" alt=\"www.caindelhiindia.com; Annual return\" width=\"556\" height=\"293\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/a-300x158.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/a.jpg 310w\" sizes=\"(max-width: 556px) 100vw, 556px\" \/><\/a><figcaption id=\"caption-attachment-3168\" class=\"wp-caption-text\">www.caindelhiindia.com; Annual return<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The annual return is required to be filed by every company in Form No. MGT.7 which includes all the information of the company as of the closure of the financial year.<\/p>\n<p>As per section 92 of Companies Act, 2013, an overview of all the annual returns given in Form No-MGT.9 forms part of the board report.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"INFORMATION_CONTAINED_IN_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>INFORMATION CONTAINED IN ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The annual return must include the following information about the company as at the end of the financial year;<\/p>\n<ul>\n<li>The company&#8217;s registered office and principal operations, the details of the holding, subsidiaries and its associate&#8217;s company;<\/li>\n<li>All descriptions of the company&#8217;s stock, debentures, other securities, and shareholding patterns;<\/li>\n<li>Indebtedness of companies;<\/li>\n<li>All the information of the members of the company and the debenture holders and all the improvements since the close of the preceding financial year;<\/li>\n<li>All the information of company promoters, directors, key managerial personnel and adjustments after the end of the previous financial year;<\/li>\n<li>All the member\u2019s meeting or a class of members, the Board and all its different committees, along with attendance;<\/li>\n<li>Details of all the remuneration on company executives and key managerial personnel;<\/li>\n<li>The penalty levied on the company, its directors or officers, and complete information on the compounding of offenses on it.<\/li>\n<li>all compliance certification issues, disclosures as may be prescribed;<\/li>\n<li>Information on the shares owned by or on behalf of Foreign Institutional Investors and their names, addresses, countries of incorporation, registration, and percentage of the shares held by them.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"SIGNING_AUTHORITY_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>SIGNING AUTHORITY OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The annual return is signed by the company&#8217;s director and the company secretary. If there is no company secretary of the company, then in such case\u00a0the annual return is signed by the company secretary in practice.<\/p>\n<p>In the case of a one-person company (OPC), private company (start-up), small company, if the company has appointed the company secretary, then the company secretary signs the annual return and if no company secretary is appointed by the company, then only the company director signs the annual return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CERTIFICATION_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>CERTIFICATION OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3169\" aria-describedby=\"caption-attachment-3169\" style=\"width: 518px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/download-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3169\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/download-1-300x158.jpg\" alt=\"www.caindelhiindia.com; Annual return\" width=\"518\" height=\"273\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/download-1-300x158.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/download-1.jpg 310w\" sizes=\"(max-width: 518px) 100vw, 518px\" \/><\/a><figcaption id=\"caption-attachment-3169\" class=\"wp-caption-text\">www.caindelhiindia.com; Annual return<\/figcaption><\/figure>\n<p>As per section 92 of the Companies Act, 2013 the companies are expected to be approved their annual return\u00a0by the business secretary in practice.\u00a0The following company is required by the Company Secretary to certify their annual return\u2014<\/p>\n<ol>\n<li>All listed company or<\/li>\n<li>A company having paid-up share capital of 10 crore rupees or more or<\/li>\n<li>A company having a turnover of 50 crore rupees or more<\/li>\n<\/ol>\n<p>The certificate is displayed in form no. MGT.8 specifies that the company&#8217;s annual return discloses the facts accurately and correctly and that the company&#8217;s annual return is in compliance with all the provisions of applicable law.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"MAINTENANCE_OF_RECORD_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>MAINTENANCE OF RECORD OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company shall maintain the annual return and all the documents relating thereto for a period of eight years from the date of filing by the registrar of the company.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FILING_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>FILING OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A copy of the annual return must be submitted to the registrar. The copy must be submitted within 60 days of the date on which the company conducts the annual general meeting.<\/p>\n<p>When a general meeting is not held, within 60 days of the date on which the company should have held the annual general meeting along with a declaration on the basis that the annual general meeting has not been submitted.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"EFFECT_OF_NON-FILING_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>EFFECT OF NON-FILING OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_3170\" aria-describedby=\"caption-attachment-3170\" style=\"width: 592px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/Q.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-3170\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/Q-300x152.png\" alt=\"www.caindelhiindia.com; Annual return\" width=\"592\" height=\"300\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/Q-300x152.png 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2020\/10\/Q.png 315w\" sizes=\"(max-width: 592px) 100vw, 592px\" \/><\/a><figcaption id=\"caption-attachment-3170\" class=\"wp-caption-text\">www.caindelhiindia.com; Annual return<\/figcaption><\/figure>\n<ol>\n<li>No company shall hold its shares or other securities directly or indirectly unless the company complies with Section 92.<\/li>\n<li>No director who has not filed an annual return shall be liable for reappointment for a continuous period of 3 years by the same company or by any other company for a period of 5 years.<\/li>\n<li>No Nidhi is allowed to open\u00a0a branch unless\u00a0an annual return is submitted to the registrar.<\/li>\n<li>The company may be wrapped up on a tribunal appeal if the company has filed an annual return for the past five consecutive years.<\/li>\n<li>Changes in the name of a company shall not be approved until the company fails to file an annual return.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"PENALTIES_FOR_NON-FILING_OF_ANNUAL_RETURN\"><\/span><span style=\"color: #000080;\"><strong>PENALTIES FOR NON-FILING OF ANNUAL RETURN<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If the company fails to file an annual return, the company is punishable by a nominal fine of 50 thousand rupees and up to Rs. 5,00,000.<\/p>\n<p>And any company official who is liable by default with imprisonment that will run up to 6 months and with a minimum of 50 thousand penalties and up to Rs. 5,00,000 or both.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FREQUENTLY_ASK_QUESTION\"><\/span><span style=\"color: #000080;\"><strong>FREQUENTLY ASK QUESTION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Q1. What is the time period for an annual return to the registrar to be filed?<\/strong><\/p>\n<p>Ans. An annual return must be filed within 60 days from the conducting of \u00a0annual general meeting.<\/p>\n<p><strong>Q2. How long does the annual return record have to be maintained?<\/strong><\/p>\n<p>Ans. The annual return must be maintained with the registrar for at least 8 years from the filing period.<\/p>\n<p><strong>Q3. If no company secretary exists, then who would sign the company&#8217;s annual return?<\/strong><\/p>\n<p>Ans. If there is no company secretary in the company, then the company secretary in practice\u00a0sign the annual return. In the case of a one-person company, a private (start-up) company, a small company, only the director signs the annual return.<\/p>\n<p><strong>CS Akshay Gupta<\/strong> is a diligent and innovative qualified Company Secretary, striving in matters related to Corporate Law. Akshay takes a deep interest in corporate, NBFC and FDI matters and his specialization includes corporate Compliance, FEMA Compliances, and NBFC Registration. As a Company Secretary, Akshay is passionate about matters relating to corporate funding, NBFC, and its compliances.<\/p>\n<p><span style=\"color: #000080;\"><strong>Regards<\/strong><\/span><\/p>\n<p><strong><span style=\"color: #000080;\">India financial consultancy private limited<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SECTION-92-ANNUAL RETURN OF COMPANY ANNUAL RETURN The annual return is required to be filed by every company in Form No. MGT.7 which includes all the information of the company as of the closure of the financial year. As per section 92 of Companies Act, 2013, an overview of all the annual returns given in Form &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3167"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=3167"}],"version-history":[{"count":1,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3167\/revisions"}],"predecessor-version":[{"id":3171,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3167\/revisions\/3171"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=3167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=3167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=3167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}